Renault Invests More in South Korean Venture

Renault SA Chairman and CEO Louis Schweitzer commits to a series of major investments in Renault Samsung Motors Inc., a move seen as part of a larger plan to elevate the South Korean subsidiary’s prominence.
Schweitzer says in a statement that an investment plan totaling 120 billion won ($100 million) each year for the next three years will help lay the foundation for the auto maker’s growth.
Officials say the auto maker will develop sales, begin exports and achieve profitability in the ...

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